Keir wins SAR 119.7M project with SEC

Keir International Co. received, on Feb. 16, an award letter from Saudi Electricity Co. (SEC) for a project to replace oil-filled underground cable circuits.

According to a statement on Tadawul, the total contract value is SAR 119.73 million, inclusive of a 15% value-added tax.

The contract involves replacing the existing 132 kV oil-filled underground cable circuits with new cables between substations in the central operation area of Riyadh’s Al Murabba district.

The contract is expected to be signed on March 31, the statement said, indicating that there are no related parties.